PSPRS Online Services:

Tiers 1 and 2

AAA

CORRECTIONS OFFICER RETIREMENT SYSTEM
Contribution rates and benefits upon hiring for Tier 1 and Tier 2 members.

 

Tier 1 Members

Tier 2 Members

Membership date

Before January 1, 2012

On or after January 1, 2012

Plan Type

Defined benefit (DB) Plan

Employee Contribution Rate

Members: 7.65% – 8.41%*

Dispatchers: 7.96%

Members: 7.65% – 8.41%*

*Dependent on employer funding level per A.R.S. 38-891

Wage Index

As set by the Internal Revenue Service

Average Monthly Salary

Determined by

Highest 3 consecutive years in past 10 years credited service**

Highest 5 consecutive years in past 10 years credited service**

Disability Benefits

Three types of disability (Accidental, Ordinary and Total & Permanent)

Cancer Insurance Program

The PSPRS Cancer Insurance Program provides active and eligible retired corrections officers with payments for cancer diagnoses and reimbursements for treatment-related expenses

Line of duty death

Survivor benefits paid to eligible spouses or eligible children in the event of member death. Contribution balances paid to beneficiaries on file if members do not have eligible spouse or children.

**Credited service includes employment periods in which the member and employer are contributing to the plan, and any transferred or purchased credited service from other retirement plans. Periods of unpaid leave are not considered credited service and are not counted towards normal retirement benefits.

Keeping track of pension contributions and balances

Tier 1 and 2 members can check their pension contribution balances at any time during their careers by accessing their Members Only account or by calling  (602) 255-5575 or emailing  [email protected].

Please note that all CORP members and retirees can use defined contribution plans available under state law and through Nationwide Retirement Services. These accounts include a 401(a) supplemental plan and a 457 plan. Members can contact their employers for assistance.